Guideline Value for BABY GARDENS

Baby Gardens guideline value

The current guideline value of Baby Gardens is Rs 1,012 per sq.ft, effective from 1 July 2024. This area is located in Veerakeralam village under the Thondamuthur SRO, classified as Residential Class II Type - III.

How the guideline value of Baby Gardens has changed

The guideline value for Baby Gardens has seen significant changes over the years. In the 2012 revision, the value was set at Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. Following this, the value increased dramatically to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,012 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 232%. Overall, from 2012 to 2024, the guideline value has increased by 125%.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft, with a median value of Rs 1,014 per sq.ft. The guideline value for Baby Gardens is slightly below this median.

• Bala Ganeshapuram: Rs 1,012 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 per sq.ft (2024)
• Bharathi Nager: Rs 1,100 per sq.ft (2024)
• Bhoopathy Raja Nagar: Rs 1,014 per sq.ft (2024)
• Arokkiya Matha Nager: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Baby Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,012 per sq.ft, the total guideline value would be Rs 10,12,000. The stamp duty at 7% would amount to Rs 70,840, and the registration fee at 2% would be Rs 20,240, resulting in a total of Rs 91,080. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baby Gardens?

The Baby Gardens area falls under the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Veerakeralam

The guideline value is a crucial factor during property registration in Veerakeralam. It determines the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Baby Gardens?

The current guideline value of Baby Gardens is Rs 1,012 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2012 to Rs 1,012 per sq.ft in 2024, with various revisions in between.

What is the land classification for Baby Gardens?

Baby Gardens is classified as Residential Class II Type - III, indicating its designation for residential development.

What are the stamp duty and registration fees for a property in Baby Gardens?

For a property valued at Rs 10,12,000, the stamp duty would be Rs 70,840 and the registration fee would be Rs 20,240, totaling Rs 91,080.

Which office handles registrations for Baby Gardens?

The Thondamuthur Sub Registrar Office handles registrations for Baby Gardens, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Coimbatore.